Having a profitable coaching practice can look different for everyone. To some, it’s about taking on a certain number of clients. To others, it means earning six or seven figures in revenue every year. To me, having a profitable coaching practice means having a business that pays you well and allows you flexibility. A profitable coaching practice supports your family and lifestyle—it excites you and allows you to make choices based on your values. Sounds exciting?In this episode, I discuss the four things required to have a thriving, profitable coaching business or practice. I explain the importance of smart budgeting, regardless of your revenue. I describe the need for a solid, uncomplicated client acquisition process. I also highlight the importance of building a business model that supports content delivery and underscore what it means to have a transformational focus in your coaching practice.“Your practice needs to focus on more than transactions, money, and clients— your practice has to create an impact.” - Jos WillardThis week on Profit for Coaches:● The four things every successful coaching practice has● The importance of building a solid client acquisition process● The value of managing your cash flow● Bringing a transformational focus to your coaching business● The FREE eBook you can access today!Resources Mentioned:● Book: Book Yourself Solid: The Fastest, Easiest, and Most Reliable System for Getting More Clients Than You Can Handle Even if You Hate Marketing and Selling by Michael PortOur Favorite Quotes:● “A truly profitable coaching practice makes an impact on your world—and you have to decide what your world is.” - Jos Willard● “Your client acquisition process does not have to be hard or complex. If you build it correctly, all it takes is 20 to 30 minutes a day, three to five days a week.” - Jos Willard● “Putting boundaries around your time, energy, and cash will make your business far more successful.” - Jos WillardHelping Coaches Increase Profits Thanks for tuning into this week’s episode of Profit for Coaches. Love the podcast? Head over to www.lovethepodcast.com/Profitforcoaches (http://www.lovethepodcast.com/Profitforcoaches) to leave a review! Don’t forget to subscribe wherever you get your podcasts so you never miss an episode.Apple Podcasts (https://podcasts.apple.com/us/podcast/profit-for-coaches/id1534581854) | TuneIn (https://tunein.com/radio/Profit-For-Coaches-p1377173/?topicId=158181127) | GooglePlay (https://podcasts.google.com/feed/aHR0cHM6Ly9wcm9maXRmb3Jjb2FjaGVzLmxpYnN5bi5jb20vcnNz) | Stitcher (https://www.stitcher.com/s?fid=582759&refid=stpr) | Spotify (https://open.spotify.com/show/0LzXBjVpajdOhriH6omlj9) Be sure to share your favorite episodes on social media to help me reach more great coaches and visionaries, like you.Join me on Facebook (https://www.facebook.com/realcoachjos/), Twitter (https://twitter.com/joswillard?lang=en), Instagram (https://www.instagram.com/jos_willard/), and
